Will housing prices drastically drop when baby boomers start moving into retirement communities?
No, it wont leave empty houses. A lot of baby boomers require the equity in their houses in order to move into retirement communities. IN order to liquidise that equity they will sell their homes. Which means yes, the market will most likely become a buyers market, in theory. Thats assuming that the vast majority of boomers do in fact move to retire, and to sell in order to do so. It also depends on housing trends, the value of the homes, and the areas the homes are in as to whether or not they can even be sold. But i’d say there is a strong chance that the market will be in favor of the buyer during those few years.
